July 16, 2019 |
Activity in Brazil’s bond issuance is expected to pick up in the months ahead, possibly as early as September, as an anticipated reduction in US rates drives investors to seek higher yields and the the overhaul of the country's pension system is finally adopted, bankers said.
A possible rate cut of 50bp by the US Federal Reserve, along with pension reform, could drive demand for Brazilian issues, a DCM banker in New York told LatinFinance.
The impact could be apparent in September, said the bank
Impact of pension reform, lower US rates to drive issuance